Hainan FTP sees robust inbound tourism following implementation of special customs operation in December
Hainan Free Trade Port (FTP) received 773,000 overseas overnight tourists in December, an increase of 59.5 percent year-on-year from 2024, with the inbound tourism market surpassing pre-pandemic level, as the institutional opening-up advantages brought about by the FTP's special customs operation quickly transformed into strong momentum for attracting overseas tourists, ...
China's R&D spending intensity reaches 2.8% in 2025, surpassing OECD economies for the 1st time: data
China's economy in 2025 showed a clear shift toward innovation-driven, with research and development spending intensity reaching 2.8 percent — up 0.11 percentage points from a year earlier and surpassing the average OECD economies (Organization for Economic Cooperation and Development) for the first time, the National Bureau of Statistics (NBS) said on Monday.
A six-week online shopping campaign ahead of the Spring Festival highlights the evolving Spring Festival economy. E-commerce is creating new import-export opportunities, offering international businesses more chances to tap into ...
China's electric vehicle (EV) sector boom is creating more growth points within the industry ecosystem, bringing fresh economic opportunities to regions traditionally constrained by harsh climates.
Success stories of US firms in China demonstrate cooperation benefits both sides: FM on AmCham China survey
Chinese unicorn UBTech Robotics signs cooperation deal with Airbus, expanding application scenarios
Train ticket sales for 2026 chunyun begin Monday, with 539m trips expected: railway operator
China becomes top trading partner of Central Asia for 1st time as bilateral trade tops $100 billion in 2025 The International Monetary Fund (IMF) on Monday slightly upgraded its global growth forecast in 2026 to 3.3 percent, 0.2 percentage points higher from its projection in October 2025, according to an update to its World Economic Outlook.
In response to a question at a regular press briefing on Monday regarding reports in Polish media that the Polish military is considering banning Chinese electric vehicles from its military bases due to data security concerns, Chinese Foreign Ministry spokesperson ...
Chinese AI chip designer Cambricon ranked first on the 2025 Hurun China AI Enterprises Top 50 list which was released on Tuesday, with a valuation of 630 billion yuan ($88 billion), as AI chipmakers emerged as the highest-valued segment in ...
Chinese battery materials maker Ningbo Ronbay New Energy Technology Co, listed on the Shanghai Stock Exchange, plunged 8.57 percent to 34.15 yuan ($4.9) per share in the morning session on Monday after the securities regulator lunched a probe into the ...
South Korea and China are set to hold the 13th round of follow-up negotiations on services and investment under the South Korea-China Free Trade Agreement (FTA) from Monday to Friday, according to a statement by South Korea's Ministry of Trade, ...
China's economy kept on expanding in 2025, with GDP reaching 140.19 trillion yuan ($20.13 trillion), rising 5-percent year-on-year, and the added output in the past five years accumulated at about 30 trillion yuan, the National Bureau of Statistics (NBS) said ...
China's retail sales of consumer goods expanded by 3.7 percent year-on-year to 50.12 trillion yuan ($7.19 trillion) in 2025, according to latest data released by the National Bureau of Statistics (NBS) on Monday.
The EU on Saturday formally signed a free trade agreement with the Southern Common Market (Mercosur), despite facing fierce opposition from EU farmers. Amid some changes in the international market, the deal, once it enters into force, could redirect a ...
China's GDP grew at 5 percent year-on-year to 140.19 trillion yuan ($20.13 trillion) in 2025, data from the National Bureau of Statistics (NBS) showed on Monday, meeting the annual growth target of around 5 percent and surpassing the 140-trillion-yuan threshold ...
In the 20th article of the "Readers' Reflections" column, Global Times reporter Ma Tong spoke with Janusz Piechociński (Piechociński), former Deputy Prime Minister and Minister of Economy of Poland and current president of the Poland-Asia Chamber of Commerce. Drawing on ...
As the Spring Festival approaches, foreign companies are actively expanding their presence through the launch of Year of the Horse innovative marketing campaigns, demonstrating their confidence in and deep engagement with China's consumer market.
At the beginning of 2026, the global economic and trade landscape remains under strain. Growth forecasts continue to soften across major economies, geopolitical tensions are reshaping trade routes, and fragmentation pressures are testing the resilience of global supply chains.
Over the past decade, the AIIB has fueled trade, infrastructure, and clean energy in Asia, helping countries upgrade industries, manage financial risks, and achieve shared growth.
As the Spring Festival approaches, foreign companies are actively expanding their presence through the launch of Year of the Horse innovative marketing campaigns, demonstrating their confidence in and deep engagement with China's consumer market.
The Chinese economy has shown a stable and upward development momentum last year, with various freshly-released macroeconomic data highlighting positive signs across multiple sectors ranging from consumption, investment, trade and logistics, to high-tech industries.
In the first month following the implementation of island-wide special customs operations in the Hainan Free Trade Port (FTP), Hainan's Yangpu Port, the largest in the island, said it has handled a total of 3,510 vessel arrivals and departures, achieving ...
South China's Hainan Free Trade Port (FTP), the world's largest FTP, reported smooth and orderly operations during the first month of island-wide special customs operations, as the latest data showed the number of newly registered foreign trade enterprises in Hainan ...
The United States will impose 10-percent tariffs on all goods from Denmark, Norway, Sweden, France, Germany, Britain, the Netherlands and Finland over Greenland starting on Feb. 1, U.S. President Donald Trump said on Saturday.
Specific arrangements reached between China and Canada to properly address trade issues related to electric vehicles, steel and aluminum products, canola, and agricultural and aquatic product have sparked varied responses from the US and Canada itself, with certain US officials ...
Chinese private space firm Galactic Energy told the Global Times that its new CERES-2 rocket conducted a maiden flight on Saturday, but an anomaly occurred and the mission ended in failure.
China's total electricity consumption reached a milestone in 2025, surpassing 10 trillion kilowatt-hours for the first time, the National Energy Administration (NEA) announced on Saturday.
China's total goods imports reached a historic high of 18.48 trillion yuan (about 2.64 trillion U.S. dollars) in 2025, cementing the country's status as the world's second-largest import market for 17 consecutive years, the latest official data has revealed.
When asked to provide more detail on relevant statements from the Canadian side to the media regarding adjustments to measures on the export of Chinese electric vehicles (EVs) to Canada, an official from China's Ministry of Commerce said on Friday ...
Chinese Commerce Minister Wang Wentao held a video call on Wednesday with Australian Special Minister of State Minister for Trade and Tourism Don Farrell and Minister for Agriculture, Fisheries and Forestry Julie Collins to exchange views on issues including Australia's ...
When asked about more details on that China and Canada have reached preliminary consensus on adjusting anti-dumping measures for canola, as the Canadian side has paid high attention to exports to China such as canola and agricultural aquatic products, an ...
Chinese researchers have achieved a major breakthrough in semiconductor materials integration by developing an innovative technique that converts rough, island-like interfaces into atomically flat films, significantly improving chip heat dissipation and device performance, Science Daily reported on Friday.
When asked to provide more detail on relevant statements from the Canadian side to the media regarding adjustments to measures on the export of Chinese electric vehicles (EVs) to Canada, an official from China's Ministry of Commerce said on Friday ...
China and Canada have reached a positive consensus on properly addressing each other's economic and trade concerns and further planning and expanding the roadmap for economic and trade cooperation, said Chinese Commerce Minister Wang Wentao, according to a statement on ...
Canada and China have struck an initial trade deal that will slash tariffs on electric vehicles and canola, Prime Minister Mark Carney said on Friday during his visit to China on Friday, Reuters reported. According to the report, citing Carney, ...
At 11:25 pm on Tuesday, a Long March-8A carrier rocket lifted off from China's Hainan commercial space launch site, sent the payload — the 18th group of low-orbit internet satellites — into preset orbits, Xinhua News Agency reported.
From the port of Zhangjiagang, near Suzhou city in East China's Jiangsu Province, one of the advanced industrial clusters in Eastern China not far from Shanghai, China COSCO Shipping Corporation Ltd, the leading Chinese shipping company, recently loaded 50,000 tons ...
Upon approval by the State Council, the People's Bank of China (PBC) and the Bank of Canada have recently renewed their bilateral local currency swap agreement, PBC said on Friday via its WeChat account. The swap scale is 200 billion ...
To address international concerns and clarify the facts, the Global Times examines six key questions, ranging from China's role in the global rare earth industry to the rationale behind export controls. The series provides a systematic analysis of industry realities ...
China and Canada issued a joint statement following their leaders' meeting on Friday, with the two sides committing to strengthening agricultural cooperation and food security, the Xinhua News Agency reported.
A domestically developed giant hydraulic cylinder—the core component of the world's largest pile-driving vessel—successfully rolled off the production line in East China's Jiangsu Province on Friday, setting multiple global records in weight, diameter, length, thrust and underscoring a major advance ...
Chinese Vice Premier He Lifeng will attend the World Economic Forum (WEF) Annual Meeting 2026 in Davos and visit Switzerland from January 19 to 22, at the invitation of WEF and the Swiss government. He will attend and address the ...
Apple has expanded the scope of its long-running online trade-in promotion as of Friday, extending eligibility beyond its own products — including MacBook, iPhone and iPad — to cover major domestic smartphone brands such as Huawei, Xiaomi, OPPO and Vivo, ...
The State Administration for Market Regulation (SAMR), which is the principal market regulatory agency in China, has conditionally approved the acquisition of equity in Dowlais Group by American Axle & Manufacturing, according to an announcement released on the SAMR's official ...
The Chinese side always firmly opposes countries having diplomatic relations with China negotiating and signing any agreement with China's Taiwan region that carries sovereign implications and is of an official nature, Chinese Foreign Ministry spokesperson Guo Jiakun said on Friday, ...
The US and the island of Taiwan reached a trade deal on Thursday (US time) that cuts tariffs on many of the island's exports but requires Taiwan-based chipmakers and tech firms to invest hundreds of billions of US dollar to ...
American companies operating in China demonstrated resilience and improved financial performance in 2025, even as they navigated a complex global economic environment and ongoing geopolitical uncertainty. Meanwhile, expectations for their business operations in China over the next two years are ...
China's holdings of US treasuries fell to $682.6 billion in November, down $6.1 billion month-on-month, according to data released by US Department of the Treasury on Thursday (US time). An analyst attributed the reduction to China's diversification of foreign assets ...
Chinese commercial space firm Galactic Energy successfully carried out a sea-based launch of its CERES-1 carrier rocket at 4:10 am on Friday, sending four satellites into orbit in China's first sea-based launch in the new year.
Jin Liqun concluded his second term as President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), marking a decade of leadership since the Bank's establishment, according a statement on the AIIB's official website.
Chinese large language model startup StepFun's speech model Step-Audio R1.1 (Realtime) ranked first globally in the Speech Reasoning category with an accuracy rate of 96.4 percent, according to data from industry benchmarking platform Artificial Analysis.
At the start of 2026, Hong Kong witnessed a continuous wave of listings by Chinese mainland technology companies, reflecting the deepening alignment between the city's capital market and the mainland's artificial intelligence (AI) advancement as they jointly cultivate a premier ...
The number of foreign trade entities in South China's Hainan Free Trade Port (FTP) has surpassed 100,000, with 4,709 new registrations recorded between December 18, 2025, and January 10, 2026, following the launch of island-wide special customs operations on December ...
In 2025, the logistics sector is no longer the "invisible backbone" of the global economy, but a tangible driver of growth and innovation: according to the latest estimates, the global logistics market exceeds $10 trillion, driven by the expansion of ...
Some Chinese media outlets reported on Thursday that the Chinese app “Sileme,” which literally translates as “are you dead,” has been delisted from the app stores of Apple and Andriod. The Global Times searched on both the Android and Apple ...
According to a recent ranking of the world's 20 most important airports in terms of tonnage handled, eight are located in Asia, including four in China, with the Hong Kong Special Administrative Region and Shanghai at the top of the ...
Molten aluminum glows briefly before disappearing into a steel mold. Seconds later, a single, solid vehicle structure emerges—still hot, still humming. This is die casting, a manufacturing method long used in the auto industry: metal is melted, injected into a ...
South Korea's seafood exports hit a record high in 2025, with shipments to China posting double-digit growth and emerging as a key driver of the overall expansion, a trend unfolding amid improving China-South Korea economic ties and broader global trade ...
The People's Bank of China (PBC), the country's central bank, on Thursday unveiled a raft of support measures, including a cut in interest rates on all structural monetary policy tools and raising the quota of re-lending for tech innovation and ...
From the Lantern, the symbol of Genoa, Italy, to the East, RINA continues to export skills and vision. The Genoa-based group, which started as a ship classification society and is now a global player in engineering, certification, and consulting, has ...
China has become global luxury's main growth engine in recent years. Global luxury brands are accelerating their expansion into China, driven by the country's vast consumer base, evolving spending patterns, and increasingly favorable policy environment, industry experts said.
China still has room for further cuts in its policy interest rates and the reserve requirement ratio (RRR) this year, China's deputy central bank governor said on Thursday.
China's foreign trade achieved positive growth under pressure in 2025, fully demonstrating resilience and vitality, He Yongqian, a spokesperson for China's Ministry of Commerce (MOFCOM), said at a regular press conference on Thursday in response to media inquiries about the ...
China's exchange rate policy is clear and consistent: upholding the decisive role of the market in exchange rate formation and keeping the yuan's exchange rate basically stable at a reasonable and balanced level. China is a responsible major country, and ...
China firmly opposes and will not accept the relevant remarks made by Japanese Prime Minister Sanae Takaichi regarding her demand for China's withdrawal of export control measures on dual-use items, He Yongqian, a spokesperson for the Ministry of Commerce ...
Data from Flight Master showed that among the top international departure destinations for Chinese travelers during the 2026 Spring Festival travel season, Thailand has reclaimed the first position, while flights to Japan have declined significantly, with a year-on-year drop of ...
Chinese Foreign Minister Wang Yi has concluded his Africa visit this week, continuing a 36-year tradition for Africa to be the destination of the Chinese foreign minister's first overseas trip of the year.
When asked for comment by Japanese media about export license review for rare earths, including civilian-use shipments, being suspended for Japan, and some Japanese firms having reportedly been told new rare-earth transactions will not proceed, the Chinese Ministry of Commerce ...
When asked whether China is pushing for a free trade agreement (FTA) with Canada as Canadian Prime Minister Mark Carney is visiting China, He Yongqian, a spokesperson from China's Ministry of Commerce, told a press conference on Thursday that both ...
Asked to brief the China-EU electric vehicle (EV) dispute case which has recently achieved a soft landing, drawing high attention and positive responses from mainstream international media and various global stakeholders, He Yongqian, a spokesperson for the Ministry of Commerce ...
In response to a question regarding that US President Donald Trump said earlier that the US government would approve Nvidia H200 AI chip sales to China and would collect a roughly 25 percent fee on the chip sales, Chinese Foreign ...
China's Atomic Energy Law, adopted last September to ensure the research, development and peaceful utilization of atomic energy, took effect Thursday. By laying a legal foundation for industrial development, the law is expected to drive high-quality development of nuclear sector ...
The Beijing "Rocket Street" project has been completed, entering the handover and commissioning phase, according to a post by the Beijing Economic Technological Development Area (Beijing E-Town) seen on its WeChat account on Thursday.
The US imposed a 25 percent tariff on imports of certain advanced semiconductors, a key step in an agreement approved by the Trump administration allowing Nvidia to ship Taiwan-made H200 artificial intelligence (AI) processors to China, Bloomberg reported Thursday. Chinese ...
Japanese companies are increasingly worried about the economic fallout from strained relations with China, according to a Reuters poll showed on Thursday. Analysts said that the erroneous remarks and provocative actions by Japanese politicians, including Sanae Takaichi, have aroused uncertainty, ...
Airbus on Thursday said that the center of gravity for after-sale services is shifting eastward, with China becoming the largest market by value—projected to grow from $24.8 billion in 2025 to $63.8 billion by 2044.
South China's island province of Hainan reported a record-breaking 14.727 billion kilowatt-hours in green electricity and green certificate transactions in 2025, the provincial power exchange center said on Wednesday.
China has remained the world's largest online retail market for a 13th consecutive year, with its digital consumption exceeding 23.8 trillion yuan (about 3.39 trillion U.S. dollars), official data shows.
The Chinese app “Sileme,” which literally translates as “are you dead,” announced on its official Weibo account on Wednesday that it is inviting the public to propose a new Chinese name.
China's State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, the country's state assets regulator, on Wednesday disclosed remuneration information for the heads of more than 80 centrally administered state-owned enterprises (SOEs), in a move aimed at strengthening ...
China's industrial robot exports surged 48.7 percent in 2025, surpassing imports for the first time and transforming China into a net exporter of industrial robots, Wang Jun, deputy administrator of the General Administration of Customs (GAC), said at a press ...
China's foreign trade in goods grew by 3.8 percent year-on-year to reach 45.47 trillion yuan ($6.51 trillion) in 2025, hitting a new record and marking the first time that the volume has exceeded the 45-trillion-yuan threshold, official data showed on ...
As 2026 dawns, China's hard-tech sector is accelerating the transition from prototype testing to full-scale commercialization, with leading firms in emerging areas such as embodied intelligence and the low-altitude economy unveiling rising production targets compared with last year.
Amid rising global economic uncertainty, Yiwu - often regarded as a bellwether for China's foreign trade - has quietly seen a steady increase in activity: more foreign business operators are establishing a presence in the city, turning short-term trade dealings ...
Guan Huifang works with her family across three generations to make “Year of the Horse” fabric dolls in Nantong, East China's Jiangsu Province, on January 14, 2026. The blue calico printing and dyeing technique is a national-level intangible cultural heritage ...
Chinese AI startup Zhipu AI announced on Wednesday that it has partnered with Huawei to open-source GLM-Image, a new-generation image generation model that represents a state-of-the-art (SOTA) milestone in multimodal AI.
China's market regulator has opened a formal investigation into online travel platform Trip.com Group for suspected abuse of its dominant market position and monopolistic practices, according to an official notice released on Wednesday.
US President Donald Trump, during a Michigan visit, openly invited Chinese automakers to build factories in the US, noting they would create jobs using American labor, while he balanced the call with continued tariffs on imported Chinese vehicles. Analysts see ...
China's inbound cruise tourism market saw an unprecedented surge in 2025, with Shanghai ports handling a total of 538 inbound and outbound cruise calls during the year, up 16.2 percent year-on-year, CCTV News reported on Wednesday.
The China Association of Automobile Manufacturers (CAAM) said on Wednesday that the country's new-energy vehicle (NEV) sales are expected to reach 19 million units in 2026, a rise of 15.2 percent year-on-year, while vehicle exports are expected to rise 4.3 ...
China's green exports to the EU has soared in 2025, with the exports of wind power generators leaping by 65.9 percent year-on-year, showing great potential for bilateral cooperation, an official with China's General Administration of Customs (GAC) said on Wednesday.
China imported 111.8 million tons of soybeans in 2025, marking a 6.5 percent increase from the previous year, according to data released by the General Administration of Customs (GAC) on Thursday.
The export restrictions on high-tech products by certain countries to China have "politicized economic and trade issues," limiting China's potential import volume, an official with the General Administration of Customs (GAC), said at a press conference held in Beijing on ...
China's General Administration of Customs announced on Wednesday that duty-free shopping in South China's Hainan Free Trade Port surged after the island-wide special customs operations were implemented on December 18, 2025.
Asked to comment on foreign media reports that the US and Taiwan island are nearing a trade deal under which TSMC would further invest in the US by building at least five more chip plants, State Council Taiwan Affairs Office ...
China's trade in artificial intelligence (AI)-related products has followed trends broadly in line with global developments in 2025 as detailed in a WTO report, demonstrating a vigorous and rapidly growing momentum, Wang Jun, deputy administrator of the General Administration of ...
The essence of China-US economic and trade relations is mutual benefit and win-win cooperation. Maintaining the stable, healthy, and sustainable development of these relations is beneficial not only to both countries but also to the world, Lyu Daliang, spokesperson with ...
The US administration moved closer to allowing Nvidia Corp to sell H200 artificial intelligence chips to China by easing a previous US stance of presumption denial to case-by-case review for exports of certain semiconductors to China, according to a Bloomberg ...
China's foreign trade in goods reached 45.47 trillion yuan (US$6.51 trillion) in 2025, up 3.8% year-on-year, according to customs data released on Wednesday. Of that total, exports grew 6.1% in 2025, while imports rose 0.5%. The value of foreign trade ...
China's foreign trade in goods grew by 3.8 percent year-on-year to reach 45.47 trillion yuan ($6.51 trillion) in 2025, hitting a new record high, official data showed on Wednesday.
Chinese startup Spirit AI has said that its Spirit v1.5 embodied intelligence foundation model now ranks first according to the RoboChallenge real-world robotics benchmark, surpassing a leading U.S. model.
The ongoing Dutch restrictions against Chinese-owned chipmaker Nexperia risk causing "multi-layered and irreversible" real-world damage to the stability of semiconductor supply chains in Europe and globally, deputy chief of a chip industry association has warned in an exclusive interview with ...
While South Korean companies aim to maintain their leadership in areas such as memory chips and actively expand into emerging fields such as advanced packaging and AI chips through sustained R&D and manufacturing investment, a more pragmatic and long-term perspective ...
Nanjing Agricultural University recently released Sinong, an open-source large-language model developed for agricultural use. The launch points to a broader trend: advanced digital tools are gradually moving beyond laboratories and entering agriculture, a sector long regarded as technologically conservative.
The Chinese app "Sileme," which translates into "are you dead," announced on its official Weibo account on Tuesday that after careful internal deliberation, it will officially adopt the global brand name Demumu in its upcoming new version, following a wave ...
China's Ministry of Industry and Information Technology (MIIT) released an action plan on Tuesday, aiming to increase the nationwide penetration rate of industrial internet platforms to over 55 percent by 2028, alongside solid progress in their high-quality development.